Forex Asymetric Channel Trading Strategy
Forex Asymetric Channel Trading Strategy;
Trendsignal with asymetric channelis a trend following forex strategy based on the indicator trend signal v.2 programmer by Pankaj Bhaban.
This is an arrow indicatro that “It calculates number of bars on charts and then based on histogram it draws a arrow which is again confirmed when next opening bar price its high in case of buy arrow or low in case of sell signal, when both these conditions are satisfied it draws an arrow. It is price behavior change It means if arrow has appeared price will change it direction a five bars sequence, where the central bar has higher maximum or lower minimum arrow shows central bar position.”
Time Frame H1 and H4
Currency pairs: majors.
Metatrader Indicators:
Trendsignal risk 3
Vortex Indicator 21 periods (with level 1.05);
Asymetric Channel high/low formed by two simple moving averages:
Simple moving average 50 periods (close High);
Simple moving average 12 periods (close, Low);
Trend line tool.
This channel is asymetric because do not is (50-50 or 12-12 periods).
Forex Strategies Resources argues that the time-series describing the financial markets are asymmetric, then apply symmetrical ideal models for phenomena that are not symmetrical can lead to frequent misinterpretation.
The main financial symmetrical patterns of technical analysis are:
Oscillators, Bands, oscillators created on the transformed Fisher, Furier and Gauss.
Rules Trendsignal with asymetric channel
Apply this template a the currency pairs in trend.
Find the currency in trend with trend line tool is one the best method.
When the price is into the channel do not trade.
Buy
Trendsignal buy arrow confirmed by:
12 EMA > 50 EMA;
Vortex indicator green line > level 1.05.
Sell
Trendsignal sell arrow confirmed by:
12 EMA < 50 EMA;
Vortex indicator, red line > level 1.05.
Exit position with fast profit or ratio stop loss 1:1.
Examples EUR/USD 4H time frame 30 pips, GBP/USD 40 pips, AUD/USD 30 pips, USD/CHF 30 pips.
Initial stop loss on the previous high/low swing.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Asymetric Channel Trading Strategy?
- Download Forex Asymetric Channel Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Asymetric Channel Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
